Genel Energy PLC Rating Increased to Hold at Oriel Securities Ltd (GENL)
Genel Energy PLC (LON:GENL) was upgraded by equities research analysts at Oriel Securities Ltd to a “hold” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 895 ($15.01) price objective on the stock. Oriel Securities Ltd’s price target suggests a potential upside of 10.63% from the stock’s previous close.
Shares of Genel Energy PLC (LON:GENL) opened at 803.50 on Tuesday. Genel Energy PLC has a 52 week low of GBX 760.00 and a 52 week high of GBX 1144.00. The stock has a 50-day moving average of GBX 972.2 and a 200-day moving average of GBX 993.7. The company’s market cap is £2.252 billion.
A number of other analysts have also recently weighed in on GENL. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Genel Energy PLC in a research note on Monday. They now have a GBX 1,330 ($22.31) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Genel Energy PLC in a research note on Wednesday, August 6th. Finally, analysts at Deutsche Bank cut their price target on shares of Genel Energy PLC from GBX 1,375 ($23.07) to GBX 1,350 ($22.65) in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Genel Energy PLC presently has an average rating of “Hold” and an average price target of GBX 1,173.25 ($19.68).
Genel Energy plc, formerly Vallares PLC, is an exploration and production company. It is an independent oil producer in the Kurdistan Region of Iraq.
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